Metis Global Partners LLC Grows Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

Metis Global Partners LLC boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,538 shares of the utilities provider’s stock after buying an additional 484 shares during the period. Metis Global Partners LLC’s holdings in CenterPoint Energy were worth $604,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its stake in shares of CenterPoint Energy by 1.0% during the first quarter. Capital International Investors now owns 83,754,579 shares of the utilities provider’s stock worth $2,386,168,000 after acquiring an additional 865,120 shares during the period. Boston Partners increased its position in CenterPoint Energy by 3.3% during the 1st quarter. Boston Partners now owns 17,545,528 shares of the utilities provider’s stock worth $499,962,000 after purchasing an additional 556,802 shares during the period. Price T Rowe Associates Inc. MD increased its position in CenterPoint Energy by 38.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,602,621 shares of the utilities provider’s stock worth $302,070,000 after purchasing an additional 2,961,464 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of CenterPoint Energy by 46.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,666,563 shares of the utilities provider’s stock worth $144,570,000 after buying an additional 1,484,079 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of CenterPoint Energy by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,043,757 shares of the utilities provider’s stock valued at $125,275,000 after buying an additional 53,655 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNP has been the subject of several research analyst reports. Bank of America assumed coverage on CenterPoint Energy in a research report on Thursday, September 12th. They issued a “neutral” rating and a $29.00 price objective for the company. KeyCorp downgraded shares of CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 2nd. Scotiabank increased their target price on shares of CenterPoint Energy from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Tuesday, October 29th. BMO Capital Markets reiterated a “market perform” rating and set a $28.00 price target on shares of CenterPoint Energy in a research report on Monday, August 26th. Finally, Morgan Stanley upped their price target on CenterPoint Energy from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.09.

CenterPoint Energy Stock Up 2.9 %

CNP opened at $30.86 on Monday. The business’s fifty day simple moving average is $29.32 and its 200 day simple moving average is $29.09. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $31.57. The firm has a market cap of $20.11 billion, a P/E ratio of 20.44, a PEG ratio of 2.68 and a beta of 0.92. The company has a quick ratio of 0.92, a current ratio of 1.11 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.21 per share. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 2.72%. CenterPoint Energy’s dividend payout ratio (DPR) is 55.63%.

CenterPoint Energy Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.